Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

UBER - Uber Technologies, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by stock1234, May 3, 2019.

  1. Kaban

    Kaban Member

    Joined:
    Jun 15, 2017
    Messages:
    99
    Likes Received:
    22
    Maybe the Uber's IPO was not the best, but look at it this way, we'd have a better opportunity to buy (at best price). Today uber closed the gap, and the closing price was 41.22$, is not it a good spot to try to short it? Not sure about the low but 28$ seems reachable. And than find the good price to buy and hold, I think it;s not a secret that uber could cost 63$ per share and more. Thoughts?
     
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,844
    Likes Received:
    1,879
    Its really tough to try place these kind of bets on an IPO. There is no historical trading data, and we dont know if there are existing naked shorts from the big fish that may need to cover at any time.
     
  3. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,916
    Likes Received:
    1,961
    The NLRB came to the conclusion that the strike that the "employees" performed was unacceptable and the company doesn't have to recognize their attempt at organization because they're considered "independent contractors" which is a way that many companies take advantage of their employees and get them at a better wage, make them take care of their own healthcare in most cases, etc.

    Good ruling for UBER as a company and investors, but bad for the workers.
     
  4. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    781
    Likes Received:
    406
     
  5. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    781
    Likes Received:
    406
     
  6. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,844
    Likes Received:
    1,879
    Following the biggest decline since the IPO over the past few weeks, UBER is getting some bounce here.
     
  7. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,844
    Likes Received:
    1,879
    Volatility here
     
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,844
    Likes Received:
    1,879
    Wow!

    Look at the drop!

    IPO holders are not liking this, but shorts loving it!
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,772
    Likes Received:
    2,426
    Earlier today:
    "Reshaping the gig economy, California lawmakers have approved a landmark bill that requires companies like Uber and Lyft to treat contract workers as employees.
    Some estimates suggest costs for those firms would increase by 30% as a result.
    The bill, known as Assembly Bill 5, may also influence other states."

    Uber responds:
    • Uber CLO Tony West says the company won't treat contractors as employees under the newly approved California bill.
    • West says Uber's business is "serving as a technology platform for several different types of digital marketplaces" and not providing rides, which means drivers aren't a core part of the business and can remain independent when the law goes into effect in January.
    • West also notes that Uber is "no stranger to legal battles."
     
    T0rm3nted likes this.
  10. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    964
    Likes Received:
    368
    Does anyone else think Uber Freight could be a game changer?
     
  11. nicu marasoiu

    nicu marasoiu New Member

    Joined:
    Nov 5, 2019
    Messages:
    1
    Likes Received:
    0
    Hi, do you think the november bottom would be in the 23 to 24 area? I am bigly short on Uber, but totally unsure where to set the take profit levels, do you have any hints how can i compute these points? The intersection of the lines you draw do intersect around 24, is that right? Thank you so much
     
  12. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,916
    Likes Received:
    1,961
    In my opinion, there was support at $28.65ish. It lost that yesterday. Who knows where the bottom is, but if you really want to protect profits, I'd personally close my position if it gets back up to that level.
     
  13. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,844
    Likes Received:
    1,879
    LYFT getting some action, so UBER should be on your long watch here too
     
  14. zukodany

    zukodany New Member

    Joined:
    Aug 4, 2019
    Messages:
    25
    Likes Received:
    19
    Nice bump today. Esp after aaaaaaallll the bad predictions just a few short weeks ago
     
    T0rm3nted likes this.

Share This Page